Best Practices for Managing Inventories and Cycle Counts

Complete Seminar Details

A thoroughly up-to-date, one-day workshop that will help you run smooth and accurate inventories ... improve record accuracy ... and eliminate write-offs, shortages, rush orders and other profitability killers.

You’ll learn ...

• How to use specific techniques that will actually improve speed and accuracy when counting inventory
• How to prepare for the count using time-saving tools, formulas and checklists—available only here!
• How to create a location system so precise, you´ll be able to pinpoint even the smallest units—instantly
• To never take another physical inventory—learn how cycle counts can work for you
• And much more!

WORKSHOP AGENDA

Take a close look at your existing system

• How to reduce forecasting errors—it´s easier than you think
• Know your inventory system´s strengths—and weaknesses
• Go paperless! Learn about electronic systems you can trust
• Questions to ask yourself before implementing JIT
• Learn the characteristics all successful inventory record-keeping systems have in common

Planning—the key to an error-free count

• The pros and cons of blind counts
• The absolute best ways to speed up cycle counts
• When using multiple-count approaches makes sense
• Checklists that will save you time and headaches
• Clutter, lack of organization, trash—clean up your "house" before the count
• Designing a simple and consistent location system
• Getting around the problems involved with count tags
• The best time to cycle count—and why
• Dealing with multiple storage locations and the headaches they cause
• How often should you count? Now it´s easy to decide
• Selecting which items to count (Hint: Remember your goal)

Set up and run your cycle count program

• Will cycle counting solve your problems?
• ABC vs. Geographic: Which classification method is best?
• How the 80/20 rule applies to your inventory
• Never take another physical inventory—find out how
• Know your cycle-counting methods—and their drawbacks
• Pitfalls to avoid when ranking product
• The basic steps in a smooth, stress-free and accurate cycle count

Conduct headache-free physical inventories

• Dealing with the challenge of WIP inventory
• Overcome your biggest stressors when conducting a wall-to-wall inventory
• Get a firm grip on internal tracking with pallet tags
• Thinking about hiring an outside firm to count your inventory? Here´s advice you can use
• The unique accuracy issues surrounding in-transit quantities
• The only way to deal with substitutions
• Reporting: How to keep others—especially higher-ups—informed of your progress

Manage people issues

• How to not get caught off guard by the auditors
• Training employees on how to do counts the right way
• The most effective people to designate as cycle counters
• Down with employee theft! Ways to beef up security now
• Tips for getting employees involved and thinking like a team
• Lack of concentration—are your counters guilty?
• Minimizing the things that cause the most stress on count day

Troubleshoot and overcome challenges

• Resolving inaccuracies: Look at these 5 areas first
• Tighten record-keeping procedures—and get other departments to adhere to them
• How to know when a re-count is necessary
• Evaluating and reconciling variances
• Where did it go? Handling lost inventory
• Understanding errors—the neglected first step in reducing them
• Be aware of the potential negative effects of adjustments
• What should your accuracy be? A simple way to answer an important question

Sponsor Background:

SKILLPATH GUARANTEES RESULTS If you're not happy, SkillPath is not happy. Go back to work and apply the new techniques you learned in any of SkillPath's seminars. If you're not absolutely delighted with the results you achieve, write to them right away. They will issue you a refund or arrange for you to attend another SkillPath seminar without paying another penny. That's the SkillPath Guarantee!

Cancellation Policy: Cancellations received up to five business days before the workshop are refundable, minus a registration service charge, which you may apply toward any future workshop. After that, cancellations are subject to the entire workshop fee, which you may also apply toward a future workshop. Please note that if you don’t cancel and don’t attend, you are still responsible for payment. Substitutions may be made at any time.